How much money do you earn? And how do you spend it?

OrbitalDawn

OrbitalDawn

Ulysses Everett McGill
Joined
Aug 26, 2011
Messages
47,031
HavocXphere said:
No comparison was made? :confused:

I was pointing that out as an example of what someone on an accounting track does. e.g. Me currently:

Last week was stuff for the German tax authorities. This week its this mobile app stuff I mentioned above. Next week its Scottish private equity structures. Two weeks after that - don't know what I'm doing but....relocating to another country for a couple months probably (dunno which - hoping Ireland). Its subjective I guess but to me that is all very non-boring & because of the fast cycle it stays fresh.


Nope. Thats the price of access to interesting stuff...NDAs.
Click to expand...

Hmm, my bad. Misread you then.
 
Rouxenator

Rouxenator

Dank meme lord
Joined
Oct 31, 2007
Messages
44,055
I feel that what I get from my job in terms or the work satisfaction, office location and remuneration is probably as good as I could wish for, so I'm not going discuss my income.

My expenses are round about like this :
Bond 6350
Life Insurance 1425
Estate Levy 1200
Municipal 1000
Car Insurance 860
RA 810
Home Insurance 655
Investment 500
Bank Charges 300
Cellphone 200
Electricity 1000
Telkom 300
Vox 600

That is just the stuff that is paid via debit order / scheduled payment on the first. I spend plenty more on groceries and other day to day expenses through out the month.
 
theratman

theratman

Honorary Master
Joined
Jan 21, 2008
Messages
11,965
Car: 1600
Home, contents and car insurance : 1000
Rates : 700
Medical Aid : 3200
Internet + Cellphone : 1000
Petrol : 1500
Kids expenses split with SO : 2000
Investments : 2000
RA : 500
Bank Charges : 150
Levy : 250
Savings : 1500 + left over bucks at end of the month
Groceries split with SO : 2000
Entertainment : 1000

Likely missed a few things but I need to get my car paid off, only big debt item. House is at least paid off. Don't earn as much as I used to but get by ok, a proper raise would be nice.
 
S

Spacerat

Expert Member
Joined
Jul 29, 2015
Messages
1,328
FalconZA said:
I managed 7 months with Vodacom, It was so limiting in terms of creativity and innovation I was dreading going to work everyday. Thank God i got out of there.
Click to expand...

Then I might have worked with you. I was responsible for their billing support apps...
 
M

MrR

Expert Member
Joined
Aug 22, 2013
Messages
2,462
Have been pumping 30% of my salary toward debt for the past few years:
CC - most of the time cleared
Car - cleared last year
Study loan - recently cleared
Home loan - largest debt and high priority to settle, current standard bond repayment is 18% of monthly net salary, I add a 12% additional payment every month. Aiming to settle in year 13.

Daily expense budget (food, entertainment, luxuries, household expenditures, travel expenses, etc.) = R300 per day. I don't necessarily spend R300 each and every day; R100 today, nothing tomorrow, R500 the day thereafter. Whatever is left end of the month goes toward random expenses (e.g. clothing), savings/rainy day or investments. Split some of the daily expenses with the SO, but haven't relied on that 2nd salary since living together (~4 years).

Disposable Savings/Rainy day fund = top up if/when below 3x monthly salary

Study savings = R1500pm

Other fixed cost overheads/expenses (phone, interwebs, household/car insurance, levies, etc.) roughly around R3000 pm. Medical aid and RA come straight off my salary, so don't even see it.

My income is generated through:
a day job
1x rental income (property paid off, so 100% income) and
segmented and self sustained investment portfolio (each portfolio segment has a purpose and revenue is treated differently)
 
S

shadow_man

Executive Member
Joined
May 27, 2005
Messages
6,200
MrR said:
Have been pumping 30% of my salary toward debt for the past few years:
CC - most of the time cleared
Car - cleared last year
Study loan - recently cleared
Home loan - largest debt and high priority to settle, current standard bond repayment is 18% of monthly net salary, I add a 12% additional payment every month. Aiming to settle in year 13.

Daily expense budget (food, entertainment, luxuries, household expenditures, travel expenses, etc.) = R300 per day. I don't necessarily spend R300 each and every day; R100 today, nothing tomorrow, R500 the day thereafter. Whatever is left end of the month goes toward random expenses (e.g. clothing), savings/rainy day or investments. Split some of the daily expenses with the SO, but haven't relied on that 2nd salary since living together (~4 years).

Disposable Savings/Rainy day fund = top up if/when below 3x monthly salary

Study savings = R1500pm

Other fixed cost overheads/expenses (phone, interwebs, household/car insurance, levies, etc.) roughly around R3000 pm. Medical aid and RA come straight off my salary, so don't even see it.

My income is generated through:
a day job
1x rental income (property paid off, so 100% income) and
segmented and self sustained investment portfolio (each portfolio segment has a purpose and revenue is treated differently)
Click to expand...

I'd be curious as to how you were paying off: study debt, car, 2x properties all at once. I can only make the assumption that these are small properties?
 
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